NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.0 billion aggregate liquidation preference of 1,000,000 Depositary Shares each representing a 1/25th interest in its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y (the “Preferred Stock”). The redemption date is November 15, 2026, for the Preferred Stock and related Depositary Shares (the “Redemption Date”...
U.S. banks tightened lending standards for small firms and major commercial real estate loan categories during the third quarter, according to a new Federal Reserve bank lending survey. Lenders highlighted less favorable or more uncertain economic conditions and worsening industry-specific problems.
Citi's new program that offers higher savings rates to reward clients who deepen their relationship with the bank went live Monday (Oct. 26). When announcing the program, Premium Boost, in a Sept.
NEW YORK and CHARLOTTE, N.C. and PALO ALTO, Calif., Oct. 26, 2026 /PRNewswire/ -- Bank of America (NYSE: BAC), Blackstone (NYSE: BX), Citi (NYSE: C) and Morgan Stanley (NYSE: MS) (the "Lead Financial Partners") today announced a $63 billion transaction to enable the deployment of AI compute capacity, leveraging Broadcom Inc.'s (NASDAQ: AVGO) technology, for Anthropic. This transaction is part o...
Cell tower stocks are jumping after a report that SpaceX is in talks with providers to secure thousands of cell sites to support its mobile carrier ambitions.
Citi has received approval from Chinese regulators to set up a wholly owned securities company in China, a milestone in its yearslong effort to deepen its presence in the country.
BOSTON, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ: FLYW), a global payments enablement and software company, today announced a major milestone in higher education tuition management – more than 1 million payment plans have now been activated since inception by students at institutions using Flywire's Student Financial Software (SFS). Higher education institutions using SFS o...
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